Wintermute Moves ~$57M in BTC and SOL to Binance and Coinbase, Likely Selling

Wintermute's transfers matter less as a directional signal than as a reminder that market-maker flows are routinely read as sentiment when they may simply reflect inventory management. The distinction between profit-taking and rebalancing is exactly what the public transfer data cannot resolve, yet it shapes how traders interpret near-term supply. Whether similar large exchange inflows from major market makers continue is the open question; isolated moves say little on their own.